Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual income. By compressing the idiosyncratic component of personal income fluctuations, higher marginal taxes should be negatively correlated with the dispersion of consumption across...

Marginal income taxes may have an insurance effect by decreasing the effective fluctuations of after-tax individual income. By compressing the idiosyncratic component o personal income fluctuations, higher marginal taxes should be negatively correlated with the dispersion of consumption across...

This paper contains three contributions which are intended to feed into the discussion in the AFCO committee about the UK government's renegotiation of its constitutional relationships with the EU. First paper by Charles Grant looks at the UK agenda in the renegotiation process and analyses its...

This paper contains three contributions which are intended to feed into the discussion in the AFCO committee about the UK government's renegotiation of its constitutional relationships with the EU. First paper by Charles Grant looks at the UK agenda in the renegotiation process and analyses its...